Web3 gaming is starting to make more sense
It's nice to hear a perspective that makes you go 'Ohhh, I get it. Yup, that makes sense.'
There's a lot of noise in the Web3 gaming space, so much so that it can be hard to get a handle on what it is and where it's headed.
Is it going to be an immersive 3D virtual world? Is going to be a slot machine masquerading as a video game?
...or is it going to something new all together?
Twitch co-founder, Justin Kan, recently had a chat with TechCrunch that helped us better understand what Web3 gaming should be aiming to achieve and what it's bringing to the table...
First nugget of wisdom:
"I actually think that people equate NFTs and games with this play-to-earn model where people are making money and doing their job [by gaming], and I think that's completely unnecessary.
Having digital assets in your game can work and be valuable, even if nobody is making money and there's no speculative appreciation or price appreciation on your assets"
I.e. Earning potentials should be a bonus, not a foundation - make it fun, first and foremost.
(Seems like a no-brainer, but is yet to be widely adopted)
Second nugget of wisdom:
"I funded a company that builds on top of the CSGO [Counter-Strike: Global Offensive] skins...
CSGO changed the rules about what was allowed and actually confiscated over a million dollars just from this company -- so yeah, I don't want to build on top of these non-open platforms anymore."
I.e. Web3 technology reduces third party control and lets creators know that their business models aren't going to be wiped out by a terms & conditions update.
This seems small from a user perspective (and it is), but for developers, it's huge!
This new power dynamic will act as a green light for developers to start building products and businesses that serve users, risk free.
...all the hype is starting to making a little more sense now.
